EVOC<08285> - Results Announcement (Q2, 2004, Summary)

Shenzhen EVOC Intelligent Technology Company Ltd. announced on 10/08/2004:
(stock code: 08285 )

Year end date                         :31/12/2004
Currency                              :RMB
Auditors' report                      :N/A
2nd Quarterly Report Reviewed by       Audit Committee

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at

                                           (Unaudited)       (Unaudited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/01/2004   from 01/01/2003
                                         to 30/06/2004     to 30/06/2003
                                               RMB'000           RMB'000

Turnover                              :         97,896            78,244
Profit/(Loss) from Operations         :         24,595            18,178
Finance cost                          :            555             1,732
Share of Profit/(Loss) of Associates  :            N/A               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :         22,168            14,938
% Change Over the Last Period         :         +48.40%
          Basic (in dollar)           :      RMB 0.047         RMB 0.043
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :         22,168            14,938
2nd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd Quarter Dividends   :            N/A
Payable Date                          :            N/A
B/C Dates for (-) General Meeting     :            N/A
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                       (bdi: both days inclusive)

For and on behalf of
Shenzhen EVOC Intelligent Technology Company Limited

Signature :
Name      : Tsui Chun Kuen
Title     : Company Secretary

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

1. Basis of preparation
The unaudited interim financial reports has been prepared in
accordance with accounting principles generally accepted in Hong
Kong and comply with accounting standards issued by the Hong Kong
Society of Accountant (collectively "HKGAAP"). They have been
prepared under the historical cost convention and in accordance with
the disclosure requirements of the Hong Kong Companies Ordinance
and the Rules Governing the Listing of Securities on the GEM of the
Stock Exchange.
2. Turnover
Turnover represents invoiced value of goods sold, net of value-added
tax, and after allowances for goods returned and trade discounts.
                                                For the six months
                                                   ended 30 June
                                                  2004          2003
                                                 RMB'000      RMB'000
Sales of products
Board-type EIP                                    56,630       51,013
Chassis-type EIP                                  37,971       24,173
Remote data modules                                3,295        3,058
                                                 -------      -------
 Total turnover                                   97,896       78,244
                                                 =======      =======
3. Dividend
The Directors do not recommend the payment of any interim dividend for
the six months ended 30 June 2004.
4. Earnings per share
The calculation of basic earnings per share for the six months ended
30 June 2004 is based on the unaudited profit attributable to
shareholders of approximately RMB22,168,000 (2003: RMB14,938,000) and
of 467,100,000 (2003: 350,300,000) ordinary shares in issue during
the period. Diluted earnings per share amount for the six months ended
30 June 2003 and 2004 had not been presented as no diluting events
existed during the period.
5. Tax
The Company is located in the Shenzhen Special Economic Zone and
therefore is subject to a corporate income tax rate of 15%. In
accordance with the relevant income tax laws and regulations in the
PRC, the Company was exempt from corporate income tax for two years
commencing from its first year with assessable profits after
deducting the tax losses brought forward, and entitled to 50% tax
exemption for the next three years (the ¡§Shenzhen Enterprise
Preferential Tax Treatment¡¨).
The year ended 31 December 2003 was the fifth year since the
Company¡¦s first year of operations with assessable profits and
accordingly, the Company was entitled to a 50% exemption from
corporate income tax for the year ended 31 December 2003.
The Company was first appraised as a New and High Technology
Enterprise on 14 April, 2000 when it was still operating as
Shenzhen EVOC Intelligent Technology Company Limited, the
predecessor of the Company. Pursuant to an approval document
issued by the Science and Technology Bureau of Shenzhen Municipal
dated 28 April 2001, the Company was again appraised as a New and
High Technology Enterprise in April 2002 and May 2003 and has
been re-assessed as a New and High Technology Enterprise in May
2004. Pursuant to the Regulations to further support the development
of New and High Technology (Amended), as a New and High Technology
Enterprise, the Company had applied to the Shenzhen Administration
of Taxation for a 50% reduction of the income tax rate for a further
period of five years after the Shenzhen Enterprises Preferential
Tax Treatment expires. On 20 July 2004, the Company had already
been approved for such 50% reduction of income tax rate for three
more years until 2006.
No provision for Hong Kong Profits Tax has been made in the financial
statements, as the Company has no assessable profit in Hong Kong
for the period.